Thailand asks billionaires to help kickstart economy


BANGKOK: Thailand’s billionaires have been told it’s their civic duty to fight the Covid-19 economic crash, which threatens to exacerbate a climb in poverty over recent years.

Prime Minister Prayuth Chan-Ocha asked the 20 richest Thais to use their money and organisations to develop new projects that reach all parts of the country. He told the group – only some of whom have self-identified – that he didn’t want donations. The responses from the magnates thus far are modest compared with the scale of the economic damage.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Sime Darby's unit issues RM1.3bil sukuk murabahah
Ringgit closes lower on caution ahead of US CPI data
Bursa Malaysia extends slide in thin trading ahead of US CPI data
Public Bank issues 3rd tranche of RM20bil sub-notes programmes
EcoWorld International achieves RM581mil sales plus reserves in FY24
Streaming giant iQIYI unveils big plans in its Asian content in 2025 with Malaysia and South-East Asia in focus
Astro Malaysia swings into black with net profit of RM46.94mil in 3Q
Privasia unit to collaborate with Mara Inc and Felcra on Perak data centre
Financial instruments to form integral part of SST's stake in U Mobile
Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources say

Others Also Read